Double Top looks to be confirmed as early as today
A break below 1418 will do the job
Before that though, traders are likely to enter with shorts as early as 1428
Look at the very close R1 and R2 levels. Although R1 isn't very strong and won't provide a low risk signal, R2 is a classic. We expect forex and binary traders to get into this level with momentum
Keep a close eye for the next targets thereafter !
Looks like a good day is brewing for the GBP/USD
Just basic formations suggest short. But the timing would best wait till 626.80 break today. It looks like a solid pick and we can't find a more complicated way of explaining it. Most have tried and succeeded. We are of the simplistic approach. Of course, once the target price does break, and we expect this fairly early on in the day, binary and stock traders will...
